LBI Real Estate Weekly Sales Update 4/7/2019-4/14/2019: Activity in the Long Beach Island real estate market was a little slower this week when compared to last week. There were a total of 109 changes to the MLS whereas there were 137 last week. To help understand the dynamics of the LBI real estate market for buyers, sellers and investors I publish a weekly sales update for the Long Beach Island real estate market in addition to my monthly analysis of home sales. You can review all the active, pending, sold and withdrawn listings that are or were for sale on Long Beach Island in the given time frame. To give a quick summary:

26 new listings entered the market with an average price of $1,137,677

19 listings went under contact with an average listing price of about $1,109,132

LBI Real Estate Weekly Sales Update 4/7/2019-4/14/2019

Below is a breakdown of all market activity on Long Beach Island over the past week. For the property status NEW means it is a new or re-listed home, DOWN means the price was reduced, “P” means the property is under contract (pending), “C” means the property sold and “W” or “X” means the property failed to sell (withdrawn or expired). Note this is for single family homes, condos, duplexes and commercial real estate listed by all local Long Beach Island real estate agencies.

Type

Chg Type

Street Number

Street Name

Municipality

Current Price

Sq Ft Total

DOM

SF

NEW

810

West

Beach Haven Borough

$65,000

2,200

5

CONDO

NEW

1000

Bay

Beach Haven Borough

$435,000

652

3

CONDO

NEW

500

Bay

Beach Haven Borough

$599,000

1,200

6

MUL

NEW

14

Harrington

Long Beach Twp

$599,900

1,456

2

SF

NEW

14

Harrington

Long Beach Twp

$599,900

1,456

2

SF

NEW

201

15th

Ship Bottom

$679,000

1,638

1

SF

NEW

2106

Central

Surf City

$729,000

1,008

2

SF

NEW

294

2nd

Surf City

$759,000

1,960

3

SF

NEW

328

16th

Ship Bottom

$789,000

2,318

0

LND

NEW

107

Delaware

Long Beach Twp

$799,000

5,850

7

SF

NEW

107

Delaware

Long Beach Twp

$799,000

704

7

SF

NEW

33

Butler

Long Beach Twp

$839,000

1,536

13

SF

NEW

322

18

Ship Bottom

$849,900

1,708

13

SF

NEW

210

Marine

Beach Haven Borough

$869,000

1,792

7

SF

NEW

9

Cleveland

Long Beach Twp

$949,900

2,350

0

CONDO

NEW

1078 E

Long Beach

Long Beach Twp

$1,149,000

2,400

4

CONDO

NEW

1078 E

Long Beach

Long Beach Twp

$1,149,000

2,400

4

MUL

NEW

18

Dupont

Long Beach Twp

$1,175,000

2,548

4

SF

NEW

18

Dupont

Long Beach Twp

$1,175,000

2,548

4

SF

NEW

46

Arnold

Long Beach Twp

$1,195,000

3,410

6

SF

NEW

128

Ramapo

Long Beach Twp

$1,199,000

2,592

4

SF

NEW

19

Harding

Long Beach Twp

$1,295,000

2,915

5

SF

NEW

4204

Long Beach

Long Beach Twp

$1,399,000

2,392

5

SF

NEW

302

W 10th St

Ship Bottom

$1,450,000

2,845

0

SF

NEW

111

Nebraska

Long Beach Twp

$1,799,000

2,780

2

SF

NEW

3701

Ocean

Long Beach Twp

$2,899,999

3,120

1

SF

NEW

3709

Ocean

Long Beach Twp

$3,399,000

3,550

4

LND

BOM

10905

Long Beach

Long Beach Twp

$475,000

3,200

549

LND

BOM

550

Leeward

Beach Haven Borough

$3,995,000

0

97

INOW

DOWN

4

79th

Harvey Cedars

$69,000

900

43

SF

DOWN

247

11th

Ship Bottom

$500,000

918

42

COM

DOWN

802

Central

Barnegat Light

$580,000

0

176

SF

DOWN

242

17th

Ship Bottom

$599,000

2,463

164

SF

DOWN

105

15th

Long Beach Twp

$615,000

1,600

225

SF

DOWN

2504

Central

Barnegat Light

$615,000

1,660

68

SF

DOWN

1405

Long Beach

Long Beach Twp

$629,000

840

184

SF

DOWN

8

Carolina

Long Beach Twp

$644,000

1,414

190

SF

DOWN

263

9th

Surf City

$649,900

1,344

252

MUL

DOWN

263

9th

Surf City

$649,900

1,344

252

SF

DOWN

329

3rd

Surf City

$654,900

1,626

16

SF

DOWN

26

3rd

Barnegat Light

$759,900

1,500

131

SF

DOWN

2

Lagoon

Long Beach Twp

$769,000

850

13

LND

DOWN

2

Lagoon

Long Beach Twp

$769,000

0

13

SF

DOWN

1126-C

Long Beach

Long Beach Twp

$779,000

1,456

183

SF

DOWN

11

Essex

Harvey Cedars

$858,900

1,861

57

MUL

DOWN

228

27th

Ship Bottom

$949,000

1,320

253

SF

DOWN

228

27th

Ship Bottom

$949,000

1,320

253

SF

DOWN

4

Surf

Long Beach Twp

$969,000

1,944

30

LND

DOWN

275

27th

Ship Bottom

$999,000

2,100

23

SF

DOWN

275

27th

Ship Bottom

$999,000

2,100

61

SF

DOWN

425

Fifth

Beach Haven Borough

$1,699,000

1,932

121

SF

DOWN

73

Sunset

Long Beach Twp

$1,750,000

3,700

697

SF

DOWN

1101

S Bay Ave

Beach Haven Borough

$1,795,000

4,256

427

COM

DOWN

1101

Bay

Beach Haven Borough

$1,795,000

0

380

SF

DOWN

6403A

Long Beach Blvd W/Pool

Harvey Cedars

$1,799,000

2,500

493

SF

DOWN

108

Panorama

Long Beach Twp

$2,049,000

3,138

80

SF

DOWN

65 D

Long Beach

Long Beach Twp

$2,249,000

3,650

28

SF

DOWN

161 E

Long Beach

Long Beach Twp

$3,199,000

4,000

149

MUL

K

5504

Long Beach

Long Beach Twp

$649,000

1,878

44

SF

K

9

Pearl

Beach Haven Borough

$675,000

704

242

CONDO

K

9

Pearl

Beach Haven Borough

$675,000

704

263

SF

K

104

16th

Long Beach Twp

$829,500

1,776

82

SF

K

5

Dune

Long Beach Twp

$1,200,000

2,268

119

SF

K

24

29th

Long Beach Twp

$1,690,000

2,994

61

CONDO

P

310

West

Beach Haven Borough

$489,000

906

15

SF

P

321

Stratford

Beach Haven Borough

$549,000

672

22

SF

P

1619

Barnegat

Ship Bottom

$549,000

1,800

21

SF

P

125

27th

Ship Bottom

$587,000

1,000

301

SF

P

221

Holyoke

Beach Haven Borough

$829,000

1,250

198

CONDO

P

220

Merivale

Beach Haven Borough

$839,000

1,092

181

SF

P

12

New York

Long Beach Twp

$869,000

1,940

88

SF

P

113

4th

Beach Haven Borough

$1,150,000

1,584

197

SF

P

327

Norwood

Beach Haven Borough

$1,175,000

2,212

98

SF

P

124

Auburn Road

Long Beach Twp

$1,295,000

2,200

50

SF

P

2618

Atlantic

Long Beach Twp

$1,350,000

2,200

254

SF

P

124

Colorado

Long Beach Twp

$2,699,000

2,859

138

SF

P

1073-C

Long Beach Blvd

Long Beach Twp

$2,975,000

3,200

232

COM

W

806

Bay

Beach Haven Borough

$30,000

0

48

SF

W

806

Bay

Beach Haven Borough

$30,000

1,500

48

SF

W

46

Arnold

Long Beach Twp

$1,195,000

3,410

213

MUL

W

18

Dupont

Long Beach Twp

$1,199,000

2,548

149

SF

W

18

Dupont

Long Beach Twp

$1,199,000

2,548

150

SF

W

302

10th

Ship Bottom

$1,450,000

2,845

16

SF

W

142

East Ohio

Long Beach Twp

$1,899,000

3,500

203

SF

W

6301

Bayview Ave.

Long Beach Twp

$2,995,000

6,000

250

SF

V

328

16th

Ship Bottom

$766,000

2,314

60

CONDO

V

105

16th

Ship Bottom

$1,100,000

2,435

177

SF

V

105

16th

Ship Bottom

$1,100,000

2,435

177

SF

V

3701

Ocean

Long Beach Twp

$2,999,999

3,120

199

SF

V

3709

Ocean

Long Beach Twp

$3,495,000

3,550

202

CONDO

C

137

Maryland

Long Beach Twp

$175,000

290

75

SF

C

312

Drexel

Ship Bottom

$420,000

1,300

18

SF

C

214

18th

Surf City

$423,500

966

23

SF

C

21

Winifred (79th)

Long Beach Twp

$655,000

1,791

35

SF

C

3

24TH

Barnegat Light

$685,000

1,800

124

SF

C

101

Starr

Long Beach Twp

$895,000

2,300

16

SF

C

810

Bay Club

Beach Haven Borough

$913,000

1,500

53

SF

C

6705

Long Beach

Long Beach Twp

$930,000

2,398

158

SF

C

7706

Ocean

Long Beach Twp

$965,000

2,185

161

SF

C

3

Idaho

Long Beach Twp

$1,070,000

3,527

26

SF

C

11

Magnolia

Long Beach Twp

$1,200,000

2,265

128

SF

C

8

West 23rd Street

Barnegat Light

$1,240,000

2,745

206

SF

C

20

Lillie

Long Beach Twp

$1,345,000

2,891

0

SF

C

26

20th

Long Beach Twp

$1,455,000

2,556

3

SF

C

302

22nd

Ship Bottom

$1,460,000

1,776

21

SF

C

8

Gloucester

Harvey Cedars

$2,060,000

2,500

72

SF

X

199

Nautilus

Long Beach Twp

$1,099,000

2,710

109

SF

X

111

Nebraska

Long Beach Twp

$1,799,000

2,780

179

SF

X

24

29th

Long Beach Twp

$1,899,000

2,994

266

LBI New Jersey Real Estate Sales Analysis

There were less new listings, less pending sales and fewer closings this week however the average prices trended higher. There were a high number of price reductions (29) this week. This could bode well for buyers who are looking to make a deal before the summer season kicks in. Overall the LBI real estate market is performing very well and recovering some ground lost at the beginning of the year. For more information about buying, selling or investment in the Long Beach Island real estate market or about LBI NJ Real Estate Weekly Sales Update 4/7/2019-4/14/2019 please do not hesitate to contact me.